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I am purchasing a house this month and trying to get an IDEA on how much my home owners insurance will run me, however I have a rottweiler ( obedience trained, no attack training) and several insurance companies have out right told me they do not write policies for owners with rottweilers… any one know of a company that will cover me? and Not charge me an arm and a leg??

Answer:

State farm is a dog friendly company. They only ask if your dog was trained to be a guard dog or if it has ever bitten anybody. Not sure if it varies by state but in my state they insure aggressive breeds

I understand there are companies that do this. I would like to leave it to a family member, and am worried that they will not be able to pay the balance. This way I know it will be taken care of.

Answer:

Hi, you need to get life assurance (term assurance) so, if you have 20 years left on your mortgage, you get 20years life insurance to cover the amount owed.

Some firms do decreasing term assurance, which runs along side your mortgage and the sum insured decreases as you pay off the capital.

So, make sure you check whether you are buying level term assurance or not, and choose to suit your needs.

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I have a moutain vacation home that I may rent out once a month just to cover the applied mortgage. Is ther any caveots with insurance and what will have to be adjusted and cost extra? Thanks in advance.

Answer:

You should probably just call your insurance company and ask them, tell them you are thinking about doing that and ask them for a quote. If you don’t like it shop around, it might be worth it.

I want to purchase a car from a small car place, the man puts 30 day tags on it and mails the title to the DMV, but my father cant get off work to come put insurance on the car for me. So can I buy the car there, have the title put in my name, but have the car towed home and stored off the street until I can add it to insurance and get my own tags? or is it illegal to tow a car without insurance on it?

Answer:

Have your dad call his insurance agent, if you are covered by his insurance on another car most policy’s will cover you for the drive home and for a few days…. But have you dad check first

It fell out of my boyfriends pocket in a taxi and have tried to call today, but it is switched off. Was wondering if insurance would pay for it?
Have never made an insurance claim. What is the deductable?

Answer:

Call the taxi company and find out if the phone was turned in by the driver. The taxi company should be able to determine what car you were in.

As far as homeowners insurance goes….unless the phone is scheduled on the policy (and it’s probably not) there is no coverage for a lost phone.

If you claim it stolen….you have to file a police report.

Your deductible will apply. Usually a deductible is 500 or 1000. (using 500 as an example) the deductible means that your boyfriend agrees to pay the first 500 of damage if the insurance company pays after that.

So….if the phone is 0 and the deductible is 0 – the insurance company will not pay out anything…..the loss does not exceed the deductible.

If the phone is 0 and the deductible is 0 – then the insurance company will only pay 0.

Odds are, the value of the phone is less than the deductible.

Answer:

Depends on the type of policy you have.

Some policies are replacement cost. This pays for the cost of a new stove similar to your existing stove. It will not pay the complete cost of an upgrade. But you can take the money and apply it toward an upgrade if you wish.

Some policies are actual cash value. That means they take depreciation. It will pay the cost of a new stove less deprecation.

In either case, your deductible will apply.

You should give your agent a call on money or go by his/her office and ask them. Since they can see the details of your policy – your agent will be your best source of information.

Answer:

You’ll need to check your individual insurance policy, but if you have got accidental damage, then it’s likely that you are covered. But, as per the answer below, you’ll need to check your policy excess. £100 excess is quite standard, and you may lose a no claims discount. For the best advice, ring your claims helpline.

my house was broken into (we’re in the middle of remodeling it) and my list of items was “over” the amount small claims handles. So they’re refering me to the local agent.

Answer:

Are they sending an agent or an adjuster? An adjuster is a professional who determines the amount of damages that you suffered and how much your insurance will cover. The agent is the person who sells insurance. The license to be an agent is different from a license to be an adjuster. It would seem possible that a person could have both but not too likely. (A good adjuster is so in demand, that he wouldn’t have the time to be an agent too. In addition, sending your agent to look at your claim might be somewhat of a conflict of interest.)

Whenever a claim is over a certain amount, they want to have an adjuster come look at the situation to determine a fair and reasonable settlement. You do not have to accept the first offer they make if you feel that they are setting too low of a price. You can negotiate for a higher settlement, but you often won’t get as much as you think you should. Claims adjusters have training to make determinations as well as reference materials to check the costs related to the claim. (In the case of storm damage to a house, he has to know not only the cost of the materials needed to do the work, but also how much labor on such a job costs in that area.) Most adjusters try to be fair.

Sometimes they have to handle claims differently than usual. One time, we lost a lot of shingles from our roof in a bad windstorm. (The whole west side of the house.) Usually, in a claim of that size, they would send an adjuster to determine the loss. However, since there were so many claims in the area due to the storm, they realized that most claims like ours would be real and that there were too many to send adjusters out on all of them. They had us take photographs of our roof and mail them the photographs. The adjusters could look at the photos and make a preliminary adjustment from their desk in the office. Since we live in the same city as the home office of the company, after making the prelim adjustment, an adjuster from the home office could plan a route around the city. He would drive from location to location and determine if the photo sent in matched what he saw. He could also determine if there were some places that needed more follow up in case he saw something looked like it might need more work than the home owner had thought it would. It saved them a lot of time in taking care of a lot of storm damage fast. For anyone who was claiming a lot of damage (more than just roofing) from the storm, they had to go to the site to make a thorough examination to make a repair estimate. (And the adjuster could look for hidden damage that the home owner didn’t even know existed. He might end up with more than he expected in some cases.)

In your case, you didn’t have a natural cause like a storm that was reported all over the news. You had a break in. The police have to examine the scene for evidence. The insurer also wants to see for itself just what happened. Therefore, the insurer will send the adjuster out. They want to be fair to you and they want to be fair to everyone else An adjuster would be aware of some to look for that might have been damaged that you aren’t even aware of. Just because most people are honest and you most likely are part of the most people, they want to know that you are. If they just paid on every claim submitted by everyone without checking the claim out, there would be criminals out there making money off of insurance by making false claims. They are protecting themselves and everyone who has insurance with them from the possibility of fraud.

This is just standard in cases where the claim is more than a certain amount. The way they did our roof a few years ago was a short cut that was reasonable in that case. There is no short cut in theft. If it exceeded their set limit for being a small claim, they have to go strictly by the book.

In addition, when settling your claim, you need to understand if you got your insurance on an actual cash value basis (ACV) or on a replacement cost basis. You also need to know what your deductible is. Here is a made up example of how ACV and replacement cost work.

The price you paid new for items x, y and z that were lost was ,500. Your deductible is 0.

Case #1 You have ACV basis coverage. If you had sold x, y and z in working order used at the time you had lost them, you would have gotten ,587. In that case, you would receive ,087 on your claim. The actual cash value (value as used merchandise) of the items less the deductible. If your refrigerator was just purchased new recently, it would be valued basically with its full price, but a 20 year old refrigerator will be depreciated a great deal.

Case #2 You have replacement cost basis coverage. The current cost to replace x, y and z with new merchandise that is the most like what x, y and z were is ,521. You will receive ,021. If you have replacement cost, you will get brand new merchandise that may have better features than the old. If a refrigera

We have a clubhouse in our condo community that I wanted to rent it for a party. Our management company asked to provide my home owner’s insurance. AFAIU my condo insurance is supposed to cover the inside of my unit. My question is why would they ask for something that has nothing to do with the common property (clubhouse)?

Answer:

They want to see that you have liability coverage in case you damage the clubhouse. They could care less about your property coverage for the inside of your condo.

cutting grass a rock flew out from under the lawn mower knocking three small holes in the siding of my house. i just need to replace three strips of siding so bees and other bugs don’t nest inside the siding causing a larger problem.

Answer:

I doubt it. Most likely your deductible is probably 0 or 0 and you can probably get this fixed for less than that. You or your signifigant other can probably help you do it as it really isn’t that hard if you ahve some siding available. Just go on-line and look for how to do it or buy a “how to” book that has it in it. If you don’t have any left over, see if you can order only a few pieces from who ever put it on your house. They may have some left over from an old job that you can buy. If not, you will probably need to order an entire box which will quickly cost more than your deductible and you’ll have a lot of siding left over to store for future mis-haps.